Hi Sethuraman,
Thanks for your prompt reply. But the client needs to reverse the depreciation posted for the asset in the fiscal year 2013(811.22).
For that I can use the transaction ABZU to write up the depreciation posted in the year 2013 and create a manual entry for the amount 811.22 in the year 2012. Am I correct. Do I have to make any changes in the retained earnings?
Thanks and regards,
Ashish Kumar